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Today’s News Synopsis:

Can’t afford a home?  Home prices increased 3.7% in November according to CoreLogic.  Meanwhile, housing inventory is at its lowest in two years.

In The News:

Forbes “ADUs Boost Accessibility And Affordability Of Prime Real Estate” (1-7-2020)

“More communities throughout the U.S. are demanding more flexible real estate options that can accommodate multigenerational families throughout all phases of life.”

Bisnow “Retiring Baby Boomers Could Reshape Real Estate” (1-7-2020)

“As the heart of the baby boomer generation begins to hit retirement age, what boomers will do instead of work has the potential to transform multiple sectors of the real estate industry.”

HousingWire “Housing inventory falls to a two-year low” (1-7-2020)

“The month of December saw the largest year over year decline of housing inventory in almost three years, with inventory declining 12%, according to realtor.com.”

Apartment Therapy “The Experts Have Spoken, and These 3 Trends Should Stay in the 2010s (Sorry, Chip and Jo)” (1-7-2020)

“You know that saying, that was soooo last decade? Well, thanks to Sherwin-Williams’ latest survey, we can officially say that to these once-popular design trends might be associated with those words before we know it.”

CoreLogic “CoreLogic Reports November Home Prices Increased by 3.7% Year Over Year” (1-7-2020)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI) and HPI Forecast for November 2019, which shows home prices rose both year over year and month over month.”

Forbes “Five Questions Your Real Estate Agent Legally Cannot Answer” (1-7-2020)

“Real estate agents often become the go-to for all the advice their clients need during the house-hunting process.”

HousingWire “Unable to Afford a Home in the City, More People Are Buying Vacation Homes Instead” (1-7-2020)

“Second homes aren’t just for the very rich.”

Yahoo Finance “Freddie Mac Insight Shows the Impact of Child Care Costs on Housing” (1-7-2020)

“Freddie Mac (FMCC) today released an Insight focusing on how the cost of child care impacts a family’s ability to afford a home.”

 

California Real Estate Investor Events

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Prosperity Through Real Estate TONIGHT.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Robert Hall & Associates on Wednesday, January 8.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OCREIA on Thursday, January 9.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with CVREIA on Thursday, January 14.

Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.

 

Looking Back:

Can’t afford a house?  Ask mom and dad.  A new app was just developed by an Australian company, Fologram, that would allow you to see a 3D design of your blueprint in the real world.  According to a recent survey by Redfin, the two groups that believed stock was a better investment than real estate were Gen-Xers and Older Millennials.

 

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